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DE
174 Textile MSMEs shut down in J&K
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Northlines
3864, raised by Mohibbullah, who sought details of textile and ready-made garment exports, the impact of rising input costs and global demand slowdown, closure of textile MSMEs, funds under textile cluster development schemes and measures being taken to improve exports and support the industry.
According to the Ministry of Textiles, 7,894 textile MSME units across the country were reported to have shut down during the three-year period from April 2023 to March 2026.
The Ministry said 24,73,634 textile-sector MSMEs were registered on the Udyam Portal during the same period, while a total of 36,00,012 textile MSMEs were registered and active on the portal as on March 31, 2026.
The reported closures constituted around 0.32 per cent of the total textile MSMEs registered during the last three years, the Ministry said.
The scheme has now been subsumed under the Textile Cluster Development Scheme for completion of ongoing projects.